30 results
- 26 Jan 2023
CBN, NIBSS Unveil ‘Afrigo’ Nigeria’s National Domestic Card Scheme
Central Bank of Nigeria on Thursday officially unveiled the Nigerian National Domestic Card Scheme – AFRIGO, in conjunction with the Nigeria Inter-Bank Settlement Systems (NIBSS) Plc, the Bankers…
- 8 Jul 2026
BVN Enrollments Hit 69.55m- NIBSS
Nigeria’s Bank Verification Number (BVN) database expanded to 69.55 million as of July 5 2026 from 69.32 million in June 2026, according to latest data released by the Nigeria Inter-Bank Settlement…
- 19 Mar 2018
Nigerians Lose Faith in Banks as 2m Shun Services
Despite Central Bank of Nigeria’s (CBN) effort to promote financial inclusion, the Nigeria Inter-Bank Settlement System (NIBSS) banking industry statistics shows that the number of customers using…
- 2 Nov 2014
E-PPAN, NIBSS Upbeat on Strategic Cashless Nigeria
The Nigeria Inter-Bank Settlement System Plc (NIBSS) and the Electronic Payment Providers Association of Nigeria (E-PPAN) said that through strategic alliances and partnerships across the e-payments…
- 6 Apr 2024
NIMC, Others to Unveil National ID Card with Payment Features
National Identity Management Commission (NIMC), in collaboration with Nigeria Inter-bank Settlement System (NIBSS) and the Central Bank of Nigeria (CBN), is set to launch an improved national…
- 27 Feb 2019
Accounts Linked to BVN Hit 37m
Nigeria Inter-Bank Settlement System Plc (NIBSS) records have shown that about 36.8 million bank accounts have been linked to the Bank Verification Number (BVN) as of February 17 this year. …
- 21 Mar 2021
NQR Payment Solution’ll Encourage Contactless Payments – Ecobank MD
Patrick Akinwuntan, managing director, Ecobank Nigeria, has said that the introduction of the Nigeria Quick Response (NQR), code payment solution by the Nigeria Inter-Bank Settlement System (NIBSS),…
- 4 Dec 2017
Interoperability Hobbles Mobile Money Growth 4 Years After CBN Directive
By Chike Onwuegbuchi Over four years after Central Bank of Nigeria (CBN) issued a directive to mobile money operators and Nigeria Inter-Bank Settlement System (NIBSS) to achieve interoperability…
- 24 May 2020
Sterling Bank Launches OneBank App
Sterling Bank Plc, Nigeria’s leading digital bank has launched a new, unique but simple banking application that can be used for all banking and payment transactions by its customers. Mr. Olayinka…
- 3 Mar 2025
Nigerian Banks Lose Millions of Naira in Frauds Due to Lack of Live Detection
Nigeria Inter-Bank Settlement System (NIBSS) has revealed that the country’s financial sector lost around N52.26 in 2024 to fraudsters, some of whom enrolled fake identities for Bank Verification…
- 26 Feb 2025
Nigerian Banking Sector Fraud Increases Threefold to N53Bn -NIBSS
Money lost to fraud in Nigeria's banking system has nearly tripled over the past five years, according to an analysis released by the Nigeria Inter-Bank Settlement System (NIBSS). NIBSS estimated…
- 25 Feb 2016
Confusion as CBN Says eTranzact, Others not Licensed PSSPs
Central Bans of Nigeria (CBN) has claimed that only four e-payment firms in the country are licensed as Payment Solution Service Providers (PSSPs), according to financialtechnologyafrica.com. The…
- 30 Mar 2023
Access Bank partners AfriGOpay to boost Nigeria’s payment ecosystem
Access Bank in partnership with AfriGOpay, has launched the first national domestic card designed to meet the needs of the Nigerian payment industry. Mr Victor Etuokwu, Deputy Managing Director,…
- 16 Aug 2024
NIBSS Celebrates Landmark Achievements @ Annual General Meeting
The Nigeria Inter-Bank Settlement System Plc (NIBSS) on Thursday held its 30th Annual General Meeting (AGM) at its headquarters on Ahmadu Bello Way, Victoria Island, Lagos. According to a press…
- 11 Dec 2019
Kuda, New Bank Offers Zero Fees for All Transfers for Life
Kuda, a digital-only bank licensed by the Central Bank of Nigeria (CBN), has kickstarted a revolution in Nigeria’s banking sector with no charges for all transfers for everyone forever. Kuda Kuda,…
- 5 Aug 2014
NIBSS, IKEDC Develop Online Payment Platform
The Nigeria Inter-Bank Settlement Systems (NIBSS) Plc, has helped in creating an online platform to facilitate convenient payment options for Ikeja Electricity Distribution Company (IIKEDC) post-paid…
- 4 Oct 2015
Industry Mulls Cashback on PoS to Drive Cashless Scheme
Central Bank of Nigeria (CBN) Banks and Payments Terminal Service Providers (PTSPs) are working on the introduction of cashback from point of sale (PoS) terminal, in an effort to further drive…
- 31 Aug 2010
CBN Secures ATM Transactions, Boosts Traffic on NCS
Central Bank of Nigeria (CBN) has directed banks in the country to connect to the Nigeria Central Switch (NCS) by December 1, in one of the many efforts by the apex bank to shore up confidence in the…
- 18 Jun 2026
Telecom Regulator, NCC, Digital Encode, AfriGoPay Support eBusinesslife Girls In ICT Campaign
The nation’s telecommunications regulator, the Nigerian Communications Commission (NCC) has reaffirmed its commitment towards ensuring that the gender disparity in the ICT career sector is bridged.…
- 20 Oct 2021
CBN Tightens Control of Identity Database to Check Fraud
Online payments reached record heights in Nigeria in the third quarter of 2020, when the value of transactions increased to $116 billion from $68.3 billion in the same period in 2019. But this…
- 4 May 2014
Nigeria to Miss MM Cross Border Remittance Deal
Nigeria will not be a beneficiary of the landmark deal struck by major telecom operators in Africa for the implementation of interoperable mobile money services across Africa and the Middle East…
- 15 Apr 2019
MTN Nigeria Bags CBN Innovation Award For Second Consecutive Year
The Central Bank of Nigeria (CBN) has recognised MTN Nigeria as the ‘Telco Partner of the Year’ at the just concluded 2019 Electronic Payments Incentive Scheme (EPIS) Efficiency Awards. …
- 13 Apr 2024
NIMC Makes Clarifications on AfriGo, New National Domestic Card Scheme
National Identity Management Commission (NIMC) has said that the new national Identity card, powered by AfriGo Card, is a single card with multiple services. NIMC made the clarification against the…
- 21 Aug 2024
AfriGO Drives Card Adoption with Instant POS Settlement Process
Afrigopay Financial Services Limited (AFSL) has unveiled a game-changing feature for its AfriGO card, introducing instant POS settlement for transactions. The innovative enhancement is designed to…
- 10 Apr 2024
Confusion, Criticisms Hit NIMC’s Proposed Multiple National ID Cards
There’ve been mixed reactions in Nigeria after the federal government unveiled plans to introduce a new multi-purpose national digital ID card, with some describing it as a duplicative effort and a…
- 13 Jul 2017
E-PPAN: Big Data, Blockchain & Digital Finance Top Agenda Summit 2017
The Electronic Payment Providers Association of Nigeria (E-PPAN) is set to host over 300 delegates on July 18-19 at the iconic Sheu Musa Yar’ Adua Centre, FCT, Abuja with the theme…
- 30 Oct 2016
Deployment, Awareness Frustrate CBN Cash Back on POS
Slow deployment and lack of awareness have conspired to hobble the cash back on Point of Sale terminals (PoS) initiative by the Central Bank of Nigeria (CBN) in collaboration with banks, aimed at…
- 19 Mar 2025
UBA Launches Afrigo Card to Revolutionise Domestic Payments
United Bank for Africa (UBA) Plc. Africa’s Global Bank, has launched the Afrigo Card, a revolutionary domestic card scheme aimed at transforming the Nigerian payments landscape. Officials of UBA at…
- 15 Mar 2010
Nigeria Central Switch Commences Operation
All payment cards issued by banks in Nigeria are now to be accepted on all acceptable devices deployed in the country, following the completion of the Nigeria Central Switch (NCS) project by the…
- 22 May 2023
Mastercard, CEBIH Partner to Drive Cybersecurity in Nigeria
Mastercard hosts a first-of-its-kind Fraud and Cyber Security Forum in Lagos, Nigeria in partnership with the Committee of E-Banking Industry Heads for Nigeria (CeBIH). The forum which aims to…